When a Pension Turns into an Annuity
by Rachel L. Sheedy, Editor, Kiplinger's Retirement Report
Jan 30, 2018
2 minutes
Hearing that your piece of the pension pie is migrating to an insurance company may be unsettling. While change can be scary, this news doesn't need to frighten you. But it may present you with the unexpected choice of whether to take a lump sum of cold hard cash now or choose a future stream of guaranteed payments in retirement.
Known as a "pension risk transfer," this move allows
You’re reading a preview, subscribe to read more.
Start your free 30 days